Bangalore: Even after the row over his 'Bangalore to Buffalo' remark, U.S. President Barrack Obama's affinity towards the people in Bangalore is witnessed in his recent speech, in which he emphasized their strength. "A young woman with an Internet connection in Bangalore, India, can compete with anyone, anywhere," he said.
Obama said that if market is allowed to run rampant - through excessive risk-taking, a lack of regulation or corruption - Then all are endangered, whether we live on the Mississippi or the Volga. And while this crisis has shown us the risk that comes with change, that risk is overwhelmed by opportunity.
The U.S. President Barrack Obama said that it is good for U.S. and the west if countries like India and China prosper as it will open new market for them and push their business to innovate. "That's good for all of us - because when prosperity is created in India, that's a new market for our goods; when new ideas take hold in China, that pushes our businesses to innovate; when new connections are forged among people, all of us are enriched," Obama said addressing the New Economic School in Moscow. He also added that they have met at Moscow in the midst of worst global recession in generations. He believes that market will be the greatest force for creating and distributing wealth that the world has known. He further added that the greatest resource of any nation in the 21st century is its people, and the countries which tap that resource are the countries that will succeed.
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